Marina Bay Sands net revenue flat in Q1

Net revenue was flat in year-on-year terms but up 1.75 per cent quarter-on-quarter.

Singapore.- Las Vegas Sands has reported that Marina Bay Sands (MBS) generated net revenue of US$1.16bn in the first quarter of the year. The figure was up 1.75 per cent sequentially but flat when compared to last year.

The casino operator’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$605m, up 1.3 per cent in year-on-year terms and 12.66 per cent when compared to the fourth quarter of 2024.

Casino revenue was down 0.2 per cent year-on-year from US$859m to US$857m. Rolling chip volume was US$8.02bn, down 2.74 per cent year-on-year and the non-rolling chip drop was up 9.52 per cent at US$2.3bn. The slot handle was down 12.12 per cent at US$5.8bn.

Non-gaming revenue was up 2.34 per cent in year-on-year terms from US$306m. Hotel occupancy was 95.6 per cent.

Robert G. Goldstein, chairman and chief executive officer, said: “In Singapore, Marina Bay Sands continued to deliver outstanding financial and operating performance. Our new suite product and elevated service offerings position us for additional growth as travel and tourism spending in Asia expands.

“Our financial strength and industry-leading cash flow continue to support our ongoing investment and capital expenditure programs in both Macau and Singapore, our pursuit of growth opportunities in new markets and our program to return excess capital to stockholders.”

Singapore regulator renews Marina Bay Sands casino licence

The Gambling Regulatory Authority (GRA) has renewed MBS casino licence for three years. The regulator said the casino operator had fulfilled requirements under Section 45 of the Casino Control Act 2006 (CCA).

In March, MBS surpassed 500 million visitors since it opened in 2010. It recorded over 38 million visitors in 2024 and said that over 1.2 million delegates had attended meetings, incentives, conferences and exhibitions (MICE) events.

In November, the GRA renewed the casino licence of Resorts World Sentosa (RWS) but for only two years. The Evaluation Panel considered that RWS’s tourism performance for January 1, 2021, to December 31, 2023, had been “unsatisfactory, with a number of areas that require rectification and substantial improvement.”